I will say 70% ICO are just there to scam people and even few with good team and registered company are scamming investors in complicated way. Take an example of Monaco (MCO) they have raised millions, advertised token using ICO funds, created Hype about their token which will be mandatory for anyone who want to buy card from them, these all boosted price of monaco to over 20x within few months.
But now they have removed that mandatory requirement to have MCO to order cards in the name of legal obligations, this is also one form of scamming investors. So ICO are only best for quick profit, for long term holding top performing alts with high marketcap and strong community behind are the only best option.
Topic: New ICOs everywhere, What's your take on them? - page 3. (Read 885 times)
I am really disappointed with those pump and dump ICOs out there, who looks for investors and later on they will gonna turn to scam, which lead people to think that crypto is full of scammers, its good reputation turns to negativity, which is so bad, it affects all and entire image
I always spend a little time before I trust any of them because there are some SCAM ICOs. Right now studying Ankorus - seems legit.
Explosion of appearing ICOs because they see this is the easy way to attract people and take money from them. Some are good but I would say very few of them and the rest are just scam so there is need to be very careful and check all the information. It's similar situation when cloud mining was very popular and everyone wanted to be part of that but many lost their money. So be careful with ICOs and don't fall for empty promises.
Most of the ICOs are not profitable to anyone. While I say most of them are not good, but still there are few ICOs which are linked to a real life business. When a new company decides to list in to a stock market, they offer their shares through IPO which is Initial public offering. But in real life stock market, we have regulators who ensure that the company is already an established one and they have registered profits since last three years (in my country). But the ICO is a method through which a company raises funds for their upcoming ventures. So they want to raise fund for a business which is yet to come and doesn't exist now. So the risk is very high.
China has already banned ICO and Canada government has already started cracking them down. Which looks like a proper step to me. If it can't be regulated now, it will become a ponzi market and people will start loosing big amounts of money. Invest in ICO but make sure they have a legal business to back them up.
I actually agree, everyone seems to be peddling a new coin every month and then they seek people to invest into them but actually they are scammers and the new way to rip people is launching ICO'S and ripping people who invests into them. One should diligently research and ask team necessary questions before investing into any ICO. China has already banned ICO and Canada government has already started cracking them down. Which looks like a proper step to me. If it can't be regulated now, it will become a ponzi market and people will start loosing big amounts of money. Invest in ICO but make sure they have a legal business to back them up.
The major reason we have most of the ICO is for the purpose of crowdfunding. It is not only a way of bringing new coin but a way of funding an idea.
Be aware and careful. There are a lot of scams. Before invest - read WP, look at the team (if there are anons only - it`s bad signal) and what they already did.
Isn't there any action people can take againts these ICOs who doesn't fulfill what they promise , Or don't even provide you with the tokens? Seems to me they are just promise promise promise and then they just get a token with no features out that they probably made in few days and give it to you, is it correct in some cases?
This technology is still on early stage. This is why there are so much scammers popping up everyday and selling other people empty promises and hopes. This is very bad for the reputation of the concurrency world. I am sure it will get better by time. There will be some ways to prevent people losing money on some level. Also, people are getting smarter as well. Usually newbies who are too lazy to make a few google search or read here, are getting scammed.
there is an easy way open for those who know how, to scam people. so they will use it as much as they can and as long as they can. so lots of them will be created, exploiting this "opportunity".
as long as people are paying them money they will keep on creating the crap and sell it to them and make money from their idiocy.
it is like the premined coins which were pretty common not so long ago. the dev premines the coin saying we need the funds to develop and in a short while after they liquidate those funds, the development stops.
as long as people are paying them money they will keep on creating the crap and sell it to them and make money from their idiocy.
it is like the premined coins which were pretty common not so long ago. the dev premines the coin saying we need the funds to develop and in a short while after they liquidate those funds, the development stops.
ICOs are the next step in the financing world. For those who choose the good ones, it is very profitable. I made some nice money on Waves for example.
Isn't there any action people can take againts these ICOs who doesn't fulfill what they promise , Or don't even provide you with the tokens? Seems to me they are just promise promise promise and then they just get a token with no features out that they probably made in few days and give it to you, is it correct in some cases?
new ICOs everywhere, new scams everywhere, it's more and more difficult to find a good one
I believed that there are still profitable icos coming soon and we can get more free token from their pre sale. I experience to participate in icos and i can say that i get more profit on it or i am too lucky that i engage in good ico with a successful project. But remember the first rule in investment just invest the amount that you can afford to lose.
Nowadays ICO explose, most of them are fake just to make fast money, some have really great ideas but they will not success, but just a few can be a great investment, its very difficult to choose the right one but some can be very profitable/have a great future
Most of the ICOs are not profitable to anyone. While I say most of them are not good, but still there are few ICOs which are linked to a real life business. When a new company decides to list in to a stock market, they offer their shares through IPO which is Initial public offering. But in real life stock market, we have regulators who ensure that the company is already an established one and they have registered profits since last three years (in my country). But the ICO is a method through which a company raises funds for their upcoming ventures. So they want to raise fund for a business which is yet to come and doesn't exist now. So the risk is very high.
China has already banned ICO and Canada government has already started cracking them down. Which looks like a proper step to me. If it can't be regulated now, it will become a ponzi market and people will start loosing big amounts of money. Invest in ICO but make sure they have a legal business to back them up.
China has already banned ICO and Canada government has already started cracking them down. Which looks like a proper step to me. If it can't be regulated now, it will become a ponzi market and people will start loosing big amounts of money. Invest in ICO but make sure they have a legal business to back them up.
Hello,
Edited my message
What makes you support an ICO ?
Thanks.
Edited my message
What makes you support an ICO ?
Thanks.
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